South Africa is pursuing the exploration and exploitation of its possible petroleum resources particularly shale gas, following the estimation of just over 400 trillion cubic feet (tcf) of shale gas resources in the Karoo region. This, including the lodgement of five shale gas exploration right applications has necessitated the strengthening of the petroleum regulatory framework as well as the fiscal regime to ensure that South Africa remains an attractive destination for investors and for South Africa to extract maximum economic benefits. This paper has undertaken an examination of the current fiscal regime particularly the non-tax elements as stipulated in the current regulatory framework. Upon its face value the South African fiscal regime appears to be underdeveloped and not necessarily designed to cater for development of shale gas. Furthermore, it is not designed to address the specifics of shale gas development within the South African context. Some aspects of the South African fiscal regime may require to be strengthened while also remaining relevant and competitive internationally. A fiscal regime that is flexible and sensitive to shale gas development specific within a country context is required. Consideration for a differentiated tax construction may also be incorporated to make up for allowances provided at the beginning of the project. This will be in line with South Africa’s objectives for the creation of a sustainable and competitive petroleum industry that provides a win-win solution for both government and the industry. / Mini Dissertation (LLM)--University of Pretoria, 2019. / Public Law / LLM / Unrestricted

Orientador: Eduardo Strachman / Banca: Francisco L. C. Lopreato / Banca: Cláudio C. de Paiva / Resumo: O trabalho apresenta um estudo (panorama) da política fiscal no Brasil no período de 1994 a 2008, analisando as receitas federais, as despesas da União, as variáveis Resultado Primário do Governo Central, Necessidade de Financiamento do Setor Público (NFSP) e Dívida Líquida do Setor Público (DLSP). Afirmamos que a política fiscal no Brasil foi conduzida de acordo com o novo regime macroeconômico e que as medidas adotadas no âmbito da política fiscal resultaram na construção de um novo regime fiscal. Coube à política fiscal, nesse novo regime, o papel de sustentabilidade da dívida, por meio de políticas adequadas de gastos e receitas, conduzida de maneira que pudessem ser alcançadas as metas de resultado primário / Abstract: The paper presents a study of fiscal policy in Brazil from 1994 to 2008, analyzing the federal revenues, the expenditures of the whole government sector in Brazil, the Primary Result of the Central Government, the of the Public Sector Borrowing Requirements (PSBR) and Public Sector Net Debt . We assert that fiscal policy in Brazil was conducted in accordance with the new macroeconomic regime, and that the measures adopted in that framework of fiscal policy resulted in the construction of a new fiscal regime. The fiscal policy in this new system has the role of debt sustainability, with suitable revenue and spending policy, conducted in a manner that could achieve the goals of the primary results / Mestre

Made available in DSpace on 2014-06-11T19:29:50Z (GMT). No. of bitstreams: 0 Previous issue date: 2010-09-10Bitstream added on 2014-06-13T20:39:38Z : No. of bitstreams: 1 santos_me_me_arafcl.pdf: 524909 bytes, checksum: 8cd234a4d7f7958512727f9c7015fcf3 (MD5) / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) / O trabalho apresenta um estudo (panorama) da política fiscal no Brasil no período de 1994 a 2008, analisando as receitas federais, as despesas da União, as variáveis Resultado Primário do Governo Central, Necessidade de Financiamento do Setor Público (NFSP) e Dívida Líquida do Setor Público (DLSP). Afirmamos que a política fiscal no Brasil foi conduzida de acordo com o novo regime macroeconômico e que as medidas adotadas no âmbito da política fiscal resultaram na construção de um novo regime fiscal. Coube à política fiscal, nesse novo regime, o papel de sustentabilidade da dívida, por meio de políticas adequadas de gastos e receitas, conduzida de maneira que pudessem ser alcançadas as metas de resultado primário / The paper presents a study of fiscal policy in Brazil from 1994 to 2008, analyzing the federal revenues, the expenditures of the whole government sector in Brazil, the Primary Result of the Central Government, the of the Public Sector Borrowing Requirements (PSBR) and Public Sector Net Debt . We assert that fiscal policy in Brazil was conducted in accordance with the new macroeconomic regime, and that the measures adopted in that framework of fiscal policy resulted in the construction of a new fiscal regime. The fiscal policy in this new system has the role of debt sustainability, with suitable revenue and spending policy, conducted in a manner that could achieve the goals of the primary results